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INTRADAY TRADING SIGNAL BY ACETRADER.COM :
AUD/USD :+0.7819+

Last Update At 25 May 2009 05:24 GMT

Although aussie's retreat fm last Friday's high
at 0.7868 suggests a temporary top has been formed
n further consolidation below there is seen, this
move is viewed as a minor correction n as long as
0.7773 holds, prospect of a rebound still remains.

Remain as cautious buyer for 0.7835, abv brings
re-test of said res. Below 0.7773 risks 0.7750/55..

Range Forecast
+0.7800 / 0.7835+

Resistance/Support
R: 0.7836/0.7868/0.7900
S: 0.7773/0.7744/0.7700

http://www.acetraderfx.com

[LEFT][SIZE="5"]EUR/USD - Euro Dollar[/SIZE]1,3993. EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility decreases. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a support above 1,3980 (13 pips). The uptrend should continue to gather momentum. [/LEFT][INDENT][LEFT][B]Resistances[/B]1,4050 - 1,4130[B]Supports[/B]1,3990 - 1,3870[/LEFT][/INDENT][LEFT]more information on [URL="http://www.mataf.net/en/forex-eurusd.htm"]EUR/USD - Euro Dollar [B]Click Here[/B][/URL][/LEFT][CENTER][IMG]http://www.mataf.net/section/devises/page/images/eurusd.png[/IMG][/CENTER][LEFT][SIZE="5"]GBP/USD - British Pound Dollar[/SIZE]1,5884. ...

9:45 pm Est

Casey Stubbs -- Winners Edge Trading

I am entering USD/JPY short at 94.64

Stop loss 30 pips
Target 93.85

I have many confirming indicators to help me in this trade. This is a forex trading strategy that I learned from a forex class I took a while back and it has been successful for me. The key is to use proper risk management and only risk a 2% stake in your trading account. So if you are trading keep your trades small and that way you will grow your account instead of blowing your account.

1. The dollar is getting sold everywhere.
2. There is a descending triangle forming.
3. The stochastics on a 4 hr chart are pointing downward. ...

Being contained by the long term key support at 93.53 (Mar 19 low), USDJPY rebounds from 93.85 level. However, the rise from 93.85 is treated as consolidation of the short term downtrend from 96.69. Range trading between 93.85 and 95.25 is expected later today. Deeper decline below 93.53 key support is in favor after consolidation and the next target would be at 92.00 level. Near term resistance is now located at 95.25, a break above this level will indicate that the fall from 96.69 has completed, and then further rally is possible to 96.00 level.



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